Don’t Waste Your Money on These Renovation Projects

When you’re thinking of renovating a home, it’s easy to go overboard and perhaps waste your money on projects that don’t have a significant return on investment. Aside from the ROI factor, some partial renovations may actually leave your home in worse shape. This is a particular concern when you buy an older home. Knowing where to draw the line with a fixer-upper can be a battle between your budget and your heartstrings.

Whether you have an older home or a relatively new house that you want to change, sometimes you need to reconsider some of your reno ideas. Below are a few examples that could waste your money.

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Knocking down walls to create open floor plans

Open floor plans are all the rage and they can make an area look a lot larger. “However, there are consequences to knocking down walls that homeowners don’t always realize,” says Eamon Lynch, Director of Warranty Services at Power Home Remodeling in Philadelphia, PA.

Obviously, taking down a load-bearing wall is problematic. But even if the wall isn’t load bearing, Lynch believes that you should leave it alone. “The structure of the house was designed with that wall in place for a reason,” he explains. “Over time, the absent wall will have an effect on the structural integrity of your home, and this includes sagging external walls.”

Layer clothes - but not your roof.

Layer clothes — but not your roofing materials. Image: karamysh/Shutterstock

Installing a new roof without removing the existing layer

Because a new roof is so expensive, you may be tempted to do the bare minimum. But this strategy might come back to haunt you. “If you’re dealing with mold-like growth or a leaking roof, this means it’s time to replace the roof,” Lynch says. His company replaces thousands of roofs across the country each year and often finds that customers make the same mistake. “They tried to save time on roof renovations by installing new layers over an existing layer of shingles,” Lynch says. In the short term, this seems like a time-efficient and cost-effective choice. But when you layer your roof, it can lead to major problems in the future.

“If you don’t remove the original layer of shingles on your roof, you can’t see what problems may exist underneath, like soft spots on wood or separation,” he explains. Also, when you don’t remove the entire roof, he says you can’t replace or install flashing, pipe collars and drip edges. “These components are essential for keeping out rain and snow by serving as transitions at roof-wall intersections, chimneys and around pipes and vents.”

Another problem with layering: you can’t install proper ventilation. If you add new layers on top of old layers, you’re restricting airflow and your attic can’t breathe. “You’re trapping moisture and adding weight to the top of your house, which was designed to only support one roof, not multiple roofs.”

Don't go overboard renovating your kitchen.

Don’t go overboard renovating your kitchen. Image: Artazum/Shutterstock

Major kitchen renovations

Any type of kitchen renovation is likely to be expensive, complicated and long. A major kitchen renovation multiplies all of these factors. But what’s your rationale for a major reno? “Think about the intention of the kitchen,” Lynch says. “For example, is cooking a big hobby of yours? Will the kitchen be primarily used for entertaining?”

Stop to objectively evaluate how the kitchen will be used. Then, Lynch says you can plan the most effective reno that will deliver a suitable ROI. “And if your main purpose for the renovation is to increase resale value, remember that a major kitchen renovation doesn’t increase curb appeal, which is the first factor that home buyers consider when they’re beginning the process,” he says. “Keep in mind that what you think will be ideal won’t necessarily be ideal to a potential buyer.”

A skylight could lead to problems.

A skylight could lead to problems. Image: Photographee.eu/Shutterstock

Adding windows to your home

Natural light is a very appealing quality in a home. However, Lynch advises against adding skylights to your exterior. “If your home doesn’t have a window or other type of opening, don’t put one in,” he says. “Creating a fenestration, an opening like a window or door, that wasn’t originally built into the building’s exterior can cause a range of new issues,” he says. These problems include loss of energy efficiency and increasing your chances of developing leaks.

Personal taste varies by buyer.

Personal taste varies by buyer. Image: Studiovin/Shutterstock

Prioritizing vanity over value

It’s natural for homeowners to want to feel a sense of pride regarding their homes. “But oftentimes, homeowners fall into the trap of renovating for aesthetics. They neglect to address the less sexy renovation projects that are essential to the structure and quality of the building,” Lynch says. It may be more fun to renovate the master bedroom or add a sunroom. But Lynch says the greater ROI lies in fundamental renovations like siding replacement and roof repair. Especially now that savvy buyers don’t focus on cosmetic features.

And even though curb appeal is important to buyers, it’s also possible to go overboard in this area. “If your front yard is dead, water and fertilize it until it’s green,” advises Robert Taylor, Owner of The Real Estate Solutions Guy.  He warns against spending thousands of dollars on sod and fresh plants. “The more expensive your renovation, the more likely you’re doing it to please your own personal tastes, instead of potential buyers.”

In fact, years ago, when Taylor first started rehabbing houses, he drove by an old property that he spent a considerable amount of money on, trying to restore the destroyed lawn. “I was shocked to see that the new buyers had torn out the lawn and poured a concrete slab over it,” he says. Since then, he’s seen others yards in which buyers have ripped up the existing landscape to create something to suit their own tastes. “It just goes to show that you have to leave what you personally like out of the decision process,” Taylor says.

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These Are The Home Improvements With The Best ROI In 2019

Every year, Remodeling Magazine releases their Cost vs. Value Report, an in-depth look at the return on investment (ROI) that common remodeling projects get across the county. This year was no different. When the 2019 Cost vs. Value Report came out, we knew that we had to share it with you. Below are the remodeling projects that topped this year’s report with the best ROI, as well as some of our tips on how to best design these spaces. Read them over to see which projects will be at the top of your list this year.

best roi

In 2019, backyard patios have the best ROI. Image: Artazum/Shutterstock

1. Backyard patio

Even though it’s still wintertime, that didn’t stop outdoor additions from topping Remodeling’s list — and we can see why. After all, who wouldn’t want a backyard oasis, somewhere they can go to totally escape from the pressures of day-to-day life? If you take the time to invest in your backyard patio, it will do all that for you and more.

Creating the perfect patio is all about infusing a sense of intimacy and relaxation into the space. You can do that by making sure to include a central focal point, much like the firepit shown above. If firepits aren’t your thing, consider using an outdoor area rug to ground the space. Then, be sure to include lots of comfy seating to round it out.

bathroom addition

Adding a bathroom will add value to your home. Image: Artazum/Shutterstock

2. Bathroom addition

If you’ve been thinking of adding an extra bathroom for a while, now may be the time to take the plunge. According to this year’s Cost vs. Value Report, a whopping 60.6 percent of the total project cost of adding a bathroom was recouped in the increase to the home’s value.

When you’re adding another bathroom into the mix, your biggest consideration should be the layout. Since you’re building this room from scratch, you should have more freedom to design it as you see fit. Make sure you plan the layout around the number of people who will be using the bathroom on a daily basis and allow enough room for safe movement.

bathroom remodel

You can also freshen up your bathroom with a remodel. Image: ImageFlow/Shutterstock

3. Bathroom remodel

However, you don’t have to spend the cash to add an entirely new bathroom to see some benefit to freshening up your lavatories. A simpler bathroom remodel came in just behind the bathroom addition, recouping either 67.2 or 60.2 percent of the cost, depending on whether it was a mid-range or upscale remodel.

When you’re focusing on a bathroom remodel, the vanity should be your first point of action. A modernized vanity can bring a whole new look to the space. Beyond that, replacing fixtures is also a fast fix, as is replacing and refreshing your accessories, such as wall art, bath mats or hand towels.

deck

If you’ve been thinking of adding a deck, now may be the time to do it. Image: Photographee.eu/Shutterstock

4. Deck addition

Similar to the backyard patio that took first place, deck additions are experiencing a surge in popularity this year. Decks made of composite materials, in particular, have piqued homeowners’ interests. Decks made of wood are not far behind, though, taking up the following spot on the list.

Surprisingly, these days, setting up a deck is a lot like setting up an open concept living and dining space. You want to provide plenty of seating for people to gather. Don’t forget the accessories, either. The combination of outdoor rugs, outdoor throw pillows and plants is enough to create a cozy space where everyone will want to hang out.

front door

Warm up the entry to your home with a new front door. Image: David Papazian/Shutterstock

5. Entry door replacement

Though it may seem like almost an afterthought, your front door makes a statement. Breathe some new life into your entry and front yard by replacing your door with a new one. Alternatively, if that’s too big of an expense, consider giving your old door a fresh look with a new coat of paint.

When decorating your entryway, all the standard rules of curb appeal apply. Complement your front door by adding a new welcome mat, some fresh house numbers and some plants. If you need inspiration, check out this post on eye-catching front doors to help you start thinking about what type of door might look good with your home.

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